Impact Partnership Wealth LLC Takes $526,000 Position in Equitable Holdings, Inc. $EQH

Impact Partnership Wealth LLC acquired a new stake in Equitable Holdings, Inc. (NYSE:EQH) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 9,373 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors also recently made changes to their positions in EQH. Boston Partners purchased a new stake in shares of Equitable in the 1st quarter valued at $108,264,000. Wellington Management Group LLP boosted its position in Equitable by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 10,878,516 shares of the company’s stock valued at $566,662,000 after buying an additional 2,061,496 shares during the period. Nuveen LLC purchased a new stake in Equitable during the 1st quarter valued at $99,319,000. Robeco Institutional Asset Management B.V. boosted its position in Equitable by 553.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,713 shares of the company’s stock valued at $121,553,000 after buying an additional 1,834,889 shares during the period. Finally, AQR Capital Management LLC boosted its position in Equitable by 85.4% during the 1st quarter. AQR Capital Management LLC now owns 1,909,451 shares of the company’s stock valued at $96,981,000 after buying an additional 879,813 shares during the period. Hedge funds and other institutional investors own 92.70% of the company’s stock.

Equitable Trading Up 1.3%

NYSE:EQH opened at $48.26 on Friday. The company has a 50-day moving average price of $51.36 and a 200-day moving average price of $51.97. Equitable Holdings, Inc. has a 12 month low of $41.39 and a 12 month high of $56.61. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 4.94. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 38.92 and a beta of 1.10.

Analysts Set New Price Targets

EQH has been the subject of several analyst reports. Barclays reissued an “overweight” rating and set a $63.00 price target on shares of Equitable in a research report on Wednesday, October 8th. Wolfe Research raised Equitable to a “strong-buy” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upped their price target on Equitable from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Wall Street Zen lowered Equitable from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Equitable from $64.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.45.

Insider Buying and Selling at Equitable

In related news, CFO Robin M. Raju sold 36,888 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $54.00, for a total value of $1,991,952.00. Following the completion of the transaction, the chief financial officer directly owned 140,258 shares in the company, valued at $7,573,932. This trade represents a 20.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bertram L. Scott sold 2,600 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $51.86, for a total transaction of $134,836.00. Following the completion of the transaction, the director owned 26,001 shares of the company’s stock, valued at approximately $1,348,411.86. The trade was a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 178,958 shares of company stock valued at $9,362,262 in the last quarter. 1.10% of the stock is owned by insiders.

Equitable Profile

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.